Commerce.com (NASDAQ:CMRC) Stock Dropped to Buy by Wall Street Zen

Wall Street Zen downgraded shares of Commerce.com (NASDAQ:CMRC) from a strong-buy rating to a buy rating in a research note published on Sunday,Wall Street Zen reports.

Other research analysts also recently issued reports about the company. Weiss Ratings reiterated a “sell (e+)” rating on shares of Commerce.com in a report on Thursday. UBS Group reissued a “neutral” rating and issued a $3.50 price target on shares of Commerce.com in a research report on Tuesday, July 21st. Zacks Research upgraded Commerce.com from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 5th. Barclays decreased their price objective on Commerce.com from $3.00 to $2.00 and set an “underweight” rating for the company in a research note on Tuesday, August 11th. Finally, Canaccord Genuity Group reaffirmed a “hold” rating and set a $3.00 price objective (down from $6.00) on shares of Commerce.com in a research report on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, two have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $4.17.

Commerce.com Stock Performance

Shares of NASDAQ:CMRC opened at $3.44 on Friday. The firm has a 50 day moving average of $2.87 and a 200 day moving average of $2.89. The company has a quick ratio of 2.03, a current ratio of 2.03 and a debt-to-equity ratio of 2.95. The company has a market capitalization of $285.03 million, a price-to-earnings ratio of -49.14 and a beta of 1.05. Commerce.com has a 52 week low of $1.95 and a 52 week high of $5.55.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of CMRC. Williams & Novak LLC acquired a new position in shares of Commerce.com during the second quarter worth $38,000. R Squared Ltd purchased a new stake in shares of Commerce.com during the 1st quarter valued at $45,000. B. Riley Wealth Advisors Inc. purchased a new stake in shares of Commerce.com during the 3rd quarter valued at $57,000. SG Americas Securities LLC acquired a new stake in shares of Commerce.com in the 1st quarter worth $74,000. Finally, NewEdge Advisors LLC acquired a new stake in shares of Commerce.com in the 2nd quarter worth $101,000. Institutional investors own 79.21% of the company’s stock.

About Commerce.com

Commerce.com, Inc is a commerce technology company that provides software designed to help businesses build, operate and expand digital commerce experiences. Its platform is intended to support online selling across branded websites and other digital channels.

The company’s offerings include tools for creating and managing digital storefronts, product catalogs, shopping carts, checkout processes and customer interactions. Commerce.com also provides capabilities that help businesses manage orders and commerce operations, with an emphasis on supporting flexible and integrated digital experiences.

Commerce.com serves businesses seeking technology for direct-to-consumer, business-to-business and other online commerce models.